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KAGEL v. FIRST COMMONWEALTH CO., INC.

No. C-70-2689 ACW.

409 F.Supp. 1396 (1973)

Sam KAGEL and John Kagel, as Trustees of the Estate of San Francisco & Oakland Helicopter Airlines, Inc., Debtor Corporation in Proceedings Under Chapter X of the Bankruptcy Act, Plaintiffs, v. FIRST COMMONWEALTH COMPANY, INC., a corporation, et al., Defendants.

United States District Court, N. D. California.

September 5, 1973.

Attorney(s) appearing for the Case

Steinhart, Goldberg, Feigenbaum & Ladar, Michael R. Marron and James E. Reed, San Francisco, Cal., for plaintiffs.

Rodney Robertson, Palm Springs, Cal., McCormack, Davis & Lohr-Schmidt, Newport Beach, Cal., for defendants.

FINDINGS OF FACT AND CONCLUSIONS OF LAW PURSUANT TO F.R.CIV.P. RULE 52(a).

WOLLENBERG, District Judge.

INTRODUCTION

This is an action by Trustees in Bankruptcy for San Francisco and Oakland Helicopter Airlines (hereinafter "SFO") against First Commonwealth Company, Inc. (hereinafter "First Commonwealth") and its principal officers and stockholders, Donald D. Smith, William G. Kimball, and Paul C. Knauff. Jurisdiction is conferred by § 2(a...

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